So the rally is on for now, but the July 13 consumer price index will be crucial. If the index sees an above 8% gain, it would be the second consecutive such reading. The Fed could then become more aggressive in lifting rates, putting even more pressure on economic demand.
" If inflation hasn't peaked, then all bets are off ", " There could be some residual strength in inflation that's going to keep the Fed on edge, keep yields high. It's going to dictate the narrative in markets.
" BARRON'S "
So the rally is on for now, but the July 13 consumer price index...
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Last
$1.12 |
Change
0.000(0.00%) |
Mkt cap ! $2.715B | |||
| Open | High | Low | Value | Volume |
| $1.12 | $1.15 | $1.11 | $6.437M | 5.716M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 8 | 110090 | $1.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $1.13 | 7995 | 1 |
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| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
$1.12 |
Change
0.000 ( 0.69 %) |
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| Open | High | Low | Volume | ||
| $1.13 | $1.15 | $1.11 | 1451015 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| LTR (ASX) Chart |